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Carriage Services Announces Fourth Quarter 2008 Results
Date:2/26/2009

. We have continued our focus to lower our costs company-wide and improve the leadership and sales staff at several of our larger cemeteries to drive good quality sales and profit margins.

"This past year and especially the last quarter were challenging to say the least, but we finished with a strong December primarily because of our funeral operations. We have positioned our company for improved performance in 2009 on the strength of our funeral operations and the repositioning of our trust fund portfolio during the fourth quarter and early 2009. We do not expect to repeat the large amount of special charges that impacted our 2008 performance, and notwithstanding the extraordinarily difficult economic environment, we expect modestly improved cemetery performance in 2009. All in all, we believe we are in position to not only survive this unusual period, but to thrive and exploit any opportunities that come our way."


                    UNAUDITED INCOME STATEMENT FROM CONTINUING OPERATIONS
                              Period Ended December 31, 2008
                                      ($000s)

                                         Actual    Actual     Actual   Actual
                                         Qtr 4     Qtr 4       YTD      YTD
                                          2007      2008       2007     2008
                                        ------      ----       ----     ----
    CONTINUING OPERATIONS

    Same Store Contracts
      Atneed Contracts                    4,211     4,144     16,367   16,881
      Preneed Contracts                   1,047       964      4,395    4,019
                                        -------   -------   -------- --------
        Total Same Store
         Funeral Contracts                5,258     5,108     20,762   20,900
                                        -------   -------   -------- --------
    Acquisition Contracts
      Atneed Contracts
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SOURCE Carriage Services, Inc.
Copyright©2009 PR Newswire.
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